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Trade data may be provided without commodity codes (i.e., a nation's total imports or exports), [7] or with only two-digit HS codes. [8] The most flexible and complete trade data sources, however, allow users to view statistical data at any level of detail: total of all commodities (i.e., total imports or total exports), [ 9 ] international HS ...
The process of assigning HS codes is known as "HS Classification". All products can be classified in the HS by using the General Rules for the Interpretation of the Harmonized System ("GRI") that must be applied in strict order. HS codes can be determined by a variety of factors including a product's composition, its form and its function.
In 1981, President Ronald Reagan requested that the U.S. International Trade Commission prepare a draft of the U.S. tariff schedules using HTS nomenclature. This conversion was issued in June 1983, and after lengthy review from interested parties, replaced the TSUS on August 23, 1988 with the enactment of the Omnibus Trade and Competitiveness Act.
The World Integrated Trade Solution (WITS) is a trade software provided by the World Bank for users to query several international trade databases.. WITS allows the user to query trade statistics (export, import, re-exports and re-imports) from the UN's repository of official international trade statistics and relevant analytical tables (UN COMTRADE), tariff and non-tariff measures data from ...
Council Regulation (EEC) No 2658/87 of 23 July 1987, creates the goods nomenclature called the Combined Nomenclature, or in abbreviated form 'CN', established to meet, at one and the same time, the requirements both of the Common Customs Tariff and of the external trade statistics of the European Union. [1]
OEC 2.0. OEC 2.0 (2013-2015) The second version of the OEC introduced the idea of profiles. These profiles were designed primarily for search engine optimization, but quickly grew into the most popular section of the site. The visualization builder (Explore in OEC 2.0) was still the main feature. OEC 3.0. OEC 3.0 (2015-2020)
GRI 4 prescribes how to classify products that cannot be classified according to GRI's 1, 2, and 3. GRI 5 prescribes how to classify packaging. GRI 6 prescribes how to classify products at the 6-digit subheading level, based on the wording of the subheadings and the relative HS Section and Chapter Notes.
Trade Data Monitor (TDM) is a trade data company based in Charleston, SC and Geneva, Switzerland. [2] It procures and aggregates monthly import and export statistics for over 110 countries using Harmonized System commodity codes, offers specialized training in trade statistics, and provides clients with a searchable database and built-to-order statistical reports.